“We can sort of look through that noise, because no one can take our capital away from us. That's what we talk about when we talk about permanent capital.”

The Rules of Investing · Soul Patts has 20% in cash. Todd Barlow says everything else has to earn its place

Play from 30:35
30:35

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What was described

use permanent capital to make longer-term, high-conviction investment decisions without worrying about short-term performance

Said nearby on the same subject

“Don't make 30-year investment decisions based on the last 30 minutes of news... develop a kind of deliberate ignorance about short-term noise.”
MY
Michael Yardney
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast ·
Contrarian take Share this moment
“It may also mean buying an investment grade property in an established capital city market, while others are being distracted by the short-term headlines.”
MY
Michael Yardney
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast ·
Contrarian take Share this moment
“These shouldn't be hidden away on a page nobody visits. Put the answers to the big worries right where people are making a decision.”
TB
Tristan Brunsden
SEO Tips ·
How they work Share this moment
“You can literally spend $5,000 a month without even worrying about it, not even questioning the purchase”
♫
Said on True Wealth: money & business podcast
Hard number $5 million net worth; $5,000 per month Share this moment

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